Gold Futures Hit Record High At $1,035, Up 19% From Past Year

Gold futures headed for new highs on Tuesday.

Gold for December delivery rose 2.13 percent to end trading for the day at the record price of $1,035.50 an ounce at the New York Mercantile Exchange. For the day, it had been as high as $1,045.

The metal has risen 19 percent in the past year.

All metal futures were up. December silver rose $71.50 to $1,725 on the Comex. January platinum was up $23.20 to $1,325, while palladium rose $5.70 to $309.

High-grade copper settled at $277.55, an increase of $4.85.

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